Stocks To Watch- 🚀
Hero Motocorp: The two-wheeler maker will close Harley-Davidson X440 online bookings on August 3. Production will start in September, and deliveries will commence in October.
Gland Pharma: The drugmaker got zero observations and a 'No Action Indicated' classification from a U.S. FDA inspection at its Visakhapatnam Sterile Oncology facility.
Power Grid Corporation: The company won bids for two inter-state transmission projects on a build, Own, operate, and Transfer basis in Rajasthan and Andhra Pradesh. Company will also raise up to Rs 5,700 crore in FY24 in multiple tranches by selling bonds of up to Rs 1,900 crore in the first tranche. Base size of the first tranche at Rs 500 crore, with a green shoe option of Rs 1,400 crore.
Fino Payments Bank: The board approved a proposal for transitioning to a small finance bank. The approval is subject to fulfilling all regulatory requirements for the transition. The holding company Fino Paytech Ltd. proposed a corporate restructuring proposal. Fino Payments Bank board has created a committee to explore the possibilities of group corporate restructuring.
Piramal Enterprises: The company has approved a buyback of 1.4 crore equity shares worth Rs 1,750 crore. The shares will be bought at Rs 1,250 apiece. The buyback size represents 5.87% of total paid-up equity share capital, and it will be open for a period of five working days.
Avenue Supermarts: The company opened a new store in Jodhpur, Rajasthan, today. The total number of stores. as of date stands at 331.
Divgi TorqTransfer Systems: The company has received an order from an overseas customer to supply components for the OE programme, worth Rs 180 crore. Production is expected to begin in Q4 of fiscal 2024.
RITES: The company has appointed Krishna Gopal Agarwal as Chief Financial Officer of the company for a period of five years starting on or after August 1, 2023.
Shree Cement: The company commenced commercial production at its clinker grinding unit in Purulia district of West Bengal, which has an annual cement capacity of three million tonnes.
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